629 Stover St, Fort Collins, CO 80524

Property Description

Investor / House Hack Opportunity in Old Town Fort Collins. Exceptional value-add opportunity near Old Town at 629 Stover St. Currently configured with three separate living spaces offering multiple paths for income generation, owner-occupancy, or future redevelopment. The property includes: Main residence: 2 bed / 2 bath approximately 1,200 SFRear unit: 1 bed / 1 bath approximately 700 SF Additional rear unit: 1 bed / 1 bath approximately 650 SF. The property is currently served by two utility meters with space available for a potential third meter. Seller has already begun exploring the process of converting the property into a conforming multifamily configuration but does not have the time to complete the process. According to seller discussions with contractors/city consultants, completing the process to establish a conforming duplex may require approximately $20,000 in improvements and city-related costs, including installation of a firewall separation between the main residence and rear living spaces.Ideal opportunity for: Owner-occupants seeking mortgage-offset potential Investors looking for value-add upside. Buyers interested in short-term rental income potential (buyer to verify local regulations and licensing requirements) Current configuration presents multiple possible strategies: Live in the front residence and utilize rear spaces for short-term rentals. Continue improvement process toward future multifamily potential subject to city approval. Strong upside potential with flexible use options in one of Fort Collins' most desirable central locations. Buyer to verify zoning, permitted uses, short-term rental regulations, square footage, occupancy classifications, and all future development potential with the City of Fort Collins.